Cost of Living in Hamilton, NY
Housing
The housing market plays a significant role in determining the cost of living in Hamilton, NY.
- Housing Index: 118.8 / 100
- Median Home Price is: $266,000
- Average Rent (2 BR Apartment): $2943 per month
- Average Rent (2 BR House): $3199 per month
Considering a move to Hamilton, NY? The housing market presents an interesting picture with a median home price of 266000. However, the completely undefined housing index raises questions about the stability and affordability in the area. The absence of rental data signals a potentially limited availability of rental properties, which could complicate the transition for newcomers seeking more flexible living arrangements. Before making any decisions, it’s advisable to look into local amenities, job prospects, and community dynamics in Hamilton to better understand the overall living conditions beyond housing stats.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hamilton, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $259 per month
Living in Hamilton, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $259 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hamilton is a financially viable option for your relocation.